Top Singapore stocks for traders to watch

The best Singapore stocks to watch

Singapore stocks are traded on the Singapore Stock Exchange (SGX). This means they’re the shares of publicly listed companies. You can buy or sell these stocks, or trade CFDs based on the direction you think they’re going to move.

When you’re trading, volatile conditions often present the most opportunities, as you’re predicting whether the share’s value will go up or down – whereas, with a flat market, it’s difficult to do this. With this in mind, we’ve chosen the five most active Singapore stocks to trade now, as of October 2024.

1. Thai Beverage

Thai Beverage Public Co Ltd was incorporated in 2003 and is headquartered in Bangkok, Thailand. It produces and distributes alcoholic and non-alcoholic beverages, as well as food products globally. It offers just about everything, from beer and spirits to soft drinks and pasteurised milk. It’s also in the business of molasses trading, transportation and distribution, logistics, recycling, advertising, asset management, cold storage, human resources and more. Thai Beverage’s market cap is S$13.32 billion.¹

In July of 2024, the share price hit a 52-week low of S$0.42.² However, the company is revitalising plans to IPO its beer business, BeerCo. Coupled with rallying stock markets, this could be a reason why the share price has increased over the past few months.³

2. Yangzijiang Shipbuilding

Yangzijiang Shipbuilding (Holdings) Ltd was founded in 1956 and its headquarters are in Jingjiang, China. It’s an investment holding company that operates in shipbuilding, shipping and other segments across Greater China, Canada, Japan, Italy, Greece and other countries. It provides large- and medium-sized container ships, bulk carriers, oil tankers, liquid carriers for chemicals, LPG and other clean energy ships.

It also produces and processes steel structures, offshore marine equipment, handles construction and ship design, ship repairing, property investment and vessel-owning.⁴

Yangzijiang Shipbuilding has seen significant movements in its share price this year. And it’s expected to grow by 35% over the next couple years, indicating trading opportunities for those looking for them.5 Similarly, its last earnings report showed that its revenue rose by 15.3% due to the strong performance of its shipbuilding business, which comprises 95% of its total revenue.⁶

3. Singtel

Singapore Telecommunications Ltd was incorporated in 1992 and is based in Singapore. It provides telecom services to retail consumers and small businesses in Singapore, Australia, China and more internationally. Its subsidiaries include Optus, Singtel Singapore, NCS, Digital InfraCo and more. As the name suggests, Singtel provides services in mobile, equipment sales, fixed voice and data, satellite, pay television, content and digital.

Singtel’s stock has seen some significantly bullish behaviour since March this year, but with a dip in August and September.⁷ With Optus, the Australian division, making up half of Singtel’s revenue, the subsidiary delivered excellent performance in the last quarter in terms of the number of customers and average revenue per user, with year-on-year increases.⁸

4. Dyna Mac Holdings

Dyna Mac Holdings Ltd was founded in 1990 and is headquartered in Singapore. It’s an investment holding company operating in the oil and gas industry – engineering, fabricating and constructing offshore floating production storage offloading, as well as floating storage offloading topside modules. It engineers, procures and constructs separators, heat exchangers, coolers, pumps, electrical equipment, process piping and control valves installed on steel structural frames – and more.

It constructs modules for refineries and chemical and pharmaceutical plants, among others. Moreover, it repairs ships, tankers and other seafaring vessels, and operates globally – in Singapore, Malaysia, Thailand, China, Norway, the Netherlands, the United Kingdom and the Americas.⁹

Dyna Mac’s share price has been active due to consistent profits over the past three years. For example, from mid-2023 to mid-2024, the stock grew by 114%.¹⁰ From March 2024, its stock has grown impressively from 0.31 to 0.65 as of 15 October.⁹

5. Yanlord

Yanlord Land Group Limited was founded in 1993 and is headquartered in Singapore. It’s an investment holding company, operating as a real estate developer in China, Singapore and Hong Kong. Its segments include property development, property investment, hotel operations, property management and others.

It focuses on residential and commercial properties, such as apartment complexes and business parks. It also dabbles in car park services, building materials and hardware trading, elevator installation, maintenance, repairs and sales, electronic component manufacturing, precision engineering and much more.¹¹

The Yanlord share price increased by 12% from April to May 2024, and has had a decent rally overall since the beginning of October; however, the stock price has dropped 63% in the past three years.¹² This indicates that there might be numerous trading opportunities for those looking to go long or short on Yanlord.

How to trade Singapore stocks with us

1. Create an account or log in
2. Find a top stock opportunity
3. Click ‘buy’ to go long or ‘sell’ to short on CFDs
4. Set your position size
5. Take steps to manage your risk
6. Open and monitor your position

¹Investing.com, 2024
²Yahoo! Finance, 2024
³Bangkok Post, 2024
⁴Investing.com, 2024
⁵Yahoo! Finance, 2024
⁶Business Times, 2024
⁷Investing.com, 2024
⁸Yahoo! Finance, 2024
⁹Investing.com, 2024
¹⁰Yahoo! Finance, 2024
¹¹Investing.com, 2024
¹²Yahoo! Finance, 2024